There are many well-known investment platforms on the market today, and they are not all created equal. Some have a lot to offer but come with a high price tag, which can be prohibitive to traders. Atom Finance was designed to make the same level of knowledge available to traders at a much more reasonable price. But, how does this company stack up? Find out by reading our Atom Finance review.
Atom Finance Review: Overview
Atom Finance is an investment research platform along the lines of Benzinga and the Bloomberg Terminal. The company got its start in 2018 and is based out of Brooklyn, New York. The current CEO is Eric Shoykhet. Advertised as a free alternative to Bloomberg, Atom Finance offers many of the same investment tools as the other platforms, but at a much lower cost.
Even with its Basic Tier, investors have access to stock market news, real-time quotes, and professional analysis for free. The platform really shines with its Premium Tier, where there are no restrictions on the amount of information traders can consume each month. Traders of all shapes and sizes will also appreciate all the additional tools only available through a Premium membership.
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How Does Atom Finance Work?
Investment research is the name of the game at Atom Finance. No trading is done on the platform itself, but the platform makes it easy to link up and track all of your brokerage and investment accounts. Integration is secure and allows the user to see each investment and brokerage account they have in one place.
Atom Finance has several institutional-quality tools available to research and analyze the latest happenings on the stock market. Use these tools to look at the latest stock news or dig deeper into company data by searching SEC filings or how a company’s stocks have been trading.
To make research as easy as possible, the service is accessible by a web browser but there are also mobile apps for both iOS and Android. These apps allow traders to access Atom Finance’s tools and the latest stock investing information even while on the go.
Atom Finance Features
Atom Finance offers multiple institutional-quality investing tools to help you make the best investment decisions. These tools revolve around keeping investors informed of the latest news in real-time, along with a robust research platform to search company filings and transcripts.
When you log into your account, Atom Finance greets you with news about the stocks and investments in your portfolio. The service also lets investors follow stocks and market sectors to create a customizable news feed on the platform. The news feed does lack information from a few of the top news feeds like Benzinga and Bloomberg.
Basic Members are limited to breaking news and daily market briefings. Premium subscribers also get access to price change explanations, analyst commentary, and equity search summaries.
Another one of Atom Finance’s tools is the x-ray. The x-ray tool allows investors to search for company mentions across SEC filings, earnings call transcripts, and news articles. Searches can include specific stock market terms or general company information.
The sandbox is one of Atom Finance’s research tools where investors get to play with financial models. It’s possible to create financial models instantly and make modifications as consensus estimates change. Financial models are built right in the platform and can be viewed without the need to export data elsewhere.
Company Data Comparison
This platform also offers up the ability to compare companies head to head and see how they stack up. Data such as price-to-earnings ratio, revenue growth, and standing on the stock market are available at a glance. It’s possible to compare several companies side-by-side to find patterns to invest in or pitfalls to avoid.
The portfolio tool is the ideal place to analyze investments over different brokerage accounts. Investors do have to link the app to each different brokerage account in order to use this feature. Once this is done, the investor can see all their holdings and stocks over several investment platforms in one place. Integration is seamless, and being able to view your investment data from all investing platforms in one place is a huge plus.
Only Premium Members can create monk accounts for testing and perform fund look-throughs.
Every investment research platform needs a screener, and Atom Finance does not disappoint. Using multiple metrics, this tool makes it easy to filter down thousands of stocks from across the stock market for analysis in one place.
Investment information is able to populate in real-time on the screen so that the data can be viewed and compared. Saving this data as a hub will allow the investor to continuously monitor the information for changes that might spark investment opportunities.
The hub is the place to create watchlists to compare your favorite stocks. Information in the hub is continuously updated in real-time, keeping traders up to date. There are dozens of metrics available for investors to compare multiple pieces of stock data with the click of a button. It’s also possible to create stock charts for detailed analysis.
The chat tool lets investors connect with other investors via a computer or mobile app for collaborative purposes. Group chats and discussion boards are available for reading over and discussing each other’s stock market tips and financial insights. This can be a great place to catch a great stock tip or have someone comment on your investment strategy.
Is Atom Finance Legit?
Atom Finance is the real deal and provides professional-level service for a minimal amount of money. Atom Finance itself is not an investment or brokerage service. Because of this, no money ever leaves your investment accounts when using this service.
It goes so far as to use trusted third-party software to obtain access to those other platforms. All information stored on Atom Finance’s servers is first encrypted and anonymized before being stored. These multiple layers of encryption and anonymization make data unidentifiable should others try to access it.
Atom Finance Cancellation Policy
Should you wish to cancel your subscription to Atom Finance, it’s no more complex than going to the website or the app. Your membership will terminate at the end of the billing month. This will cause you to lose access to all the extra features that the premium service offers. As long as you keep your account open, you’ll still be able to log in as a basic member and access the tools available at that tier.
How Much Does Atom Finance Cost?
Creating an Atom Finance account is quite easy. The platform offers two tiers of service to sign up for, so you can choose the financial model that makes the most sense to you.
Atom Finance Basic Tier
Atom Finance has a Basic Tier that costs absolutely nothing per month to use. It is an excellent way for investors to get a feel for what Atom Finance offers without having to make an investment in the service. All that’s required is to create an account and sign in to start exploring what the service has to offer.
The completely free plan gives unlimited access to breaking stock news and alerts, real-time quotes, the screener tool, the hub tool, and the chat tool. Other investing tools including access to institutional investor holdings, x-ray document search, and financial analysis are either off-limits or extremely limited.
Atom Finance Premium Tier
Atom Finance’s Premium Tier gives full access to all the investing information across the entire site. The Premium Tier unlocks all of the research tools, daily market briefings, analyst estimates, news, and alerts an investor can hope to get their hands on. In addition, tools like the sandbox, x-ray document search, institutional investor holdings, and financial commentaries become available.
While the Basic Tier is a place to start, the Premium Tier is essential for traders who want to take more than baby steps through the financial world. All these additional features add a depth to the platform that beginner and experienced traders will appreciate.
Signing up for the Premium Tier starts with a free 30-day trial with access to all the trading information that Atom Finance has to offer. Continuing a Premium Tier subscription after that point will only cost $9.99 per month.
Atom Finance Review: Pros and Cons
Atom Finance appears to be quite good at what it does, especially considering most of its services are available at no cost. Here’s where the platform shines, and also where it falls short:
Atom Finance Pros
- Most services are entirely free to use
- Premium Tier is cost-effective and includes a 30-day free trial
- Institutional-quality stock market data
- Easy integration of brokerage accounts across different platforms
- Forum and chat available to share ideas with other traders
- Multiple tools for news and research
- Customizable news feeds
- Portfolio management and analysis
Atom Finance Cons
- News feed lacks information from sites like Bloomberg and Benzinga
- No trading can be done on-site
- Limited coverage on foreign stocks
Is Atom Finance Right for Me?
It’s safe to say that Atom Finance appears to be a great tool for all but the most hard-core traders who need that extra information from the big sites like Bloomberg and Benzinga. With both free and premium plans, the service has something to offer just about every level of investor out there.
Many investors do not have the means to pay upwards of $20,000 per year to invest in a service like Bloomberg. Atom Finance wants to make institutional-quality information available to all traders, no matter how much they currently have in their portfolio.
The basic plan will serve new traders well. It will also help those who invest through services that use bots to buy and sell stock. Creating a portfolio on Atom Finance allows an investor to watch all their investments in real-time and get the latest information on the companies those stocks represent.
Active traders may want to lean towards the premium plan to unlock the entire gambit of features that Atom Finance has to offer. The professional tools offered by the premium plan at less than $10 per month should give most traders all the information they need to make smart investment decisions.
Atom Finance Reviews by Members
The consensus across the internet at this time is that Atom Finance does a fantastic job of holding its own against the big dogs without investors having to break the bank (or even open their wallets). The few reviews they currently have on sites like Trustpilot are positive.
The platform is still new, but it’s clear they want to keep providing new tools to members, as indicated by the new Premium Tier. Time will tell if they can keep up with other investment platforms currently out there.
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Final Review: Is Atom Finance Worth It?
Since the basic service is available at no cost, there’s no reason not to try out Atom Finance if you need a source for stock market news and research. The basic plan alone has the potential to generate income by allowing you to stay on top of the latest news on the stocks you have an interest in or have invested in.
The service is even set up with the beginner in mind by providing an easy-to-use interface. Having quick access to stock market data relevant to you without having to deal with complex screens is a bonus.
For just $9.99 a month and a free trial, users should not be at all afraid of unlocking Atom Finance’s Premium Tier. Being able to look through the top five holdings and only being able to view three analyst forecasts per month is not enough for the average trader. The Premium Tier removes all the limitations on accessing the information that is crucial for any trader to get their hands on.
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